Page 21 - Wages, Salaries and Other Earnings
P. 21
Bonusses and Awards
Bonusses
If you receive a bonus or
award (cash, goods,
services) from your
IN employer, you must
include its value in your
income.
However, if your
employer merely
promises to pay you a
bonus or award at some
future time, it isn’t
taxable until you receive
it or it’s made available
to you.